WallStreetZen

NYSE: HD
Home Depot Inc Stock Forecast, Predictions & Price Target

Analyst price target for HD

Based on 18 analysts offering 12 month price targets for Home Depot Inc.
Min Forecast
$300.00-3.01%
Avg Forecast
$334.83+8.25%
Max Forecast
$386.00+24.79%

Should I buy or sell HD stock?

Strong Buy
Strong Buy
11 analysts 61.11%
Buy
3 analysts 16.67%
Hold
4 analysts 22.22%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

HD stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Laura Champine
Loop Capital
Strong BuyMaintains$370.00+19.62%2021-05-19
Anonymous
Morgan Stanley
Strong BuyMaintains$345.00+11.53%2021-05-19
Jonathan Matuszewski
Jefferies
Strong BuyMaintains$374.00+20.91%2021-05-14
Steven Zaccone
Citigroup
Strong BuyMaintains$375.00+21.23%2021-05-04
Christopher Horvers
JP Morgan
Strong BuyMaintains$330.00+6.69%2021-04-19
Michael Lasser
UBS
Strong BuyMaintains$350.00+13.15%2021-04-14
Zachary Fadem
Wells Fargo
Strong BuyMaintains$330.00+6.69%2021-03-29
Steven Forbes
Guggenheim
Strong BuyUpgrades$310.00+0.22%2021-01-13
Chuck Grom
Gordon Haskett
Strong BuyUpgrades$315.00+1.84%2020-11-12
Simeon Gutman
Morgan Stanley
Strong BuyMaintains$300.00-3.01%2020-10-07

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Forecast return on equity

Is HD forecast to generate an efficient return?
Company
937.35%
Industry
174.34%
Market
61.34%
HD's Return on Equity is forecast to be high in 3 years (937.35%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is HD forecast to generate an efficient return on assets?
Company
22.58%
Industry
11.76%
Market
18.93%
HD is forecast to generate higher Return on Assets (22.58%) than the US Consumer Cyclical industry average (11.76%)
Forecast

HD earnings per share forecast

What is HD's earnings per share in the next 3 years based on estimates from 14 analysts?
Avg 1 year Forecast
$13.90+0.94%
Avg 2 year Forecast
$14.71+6.85%
Avg 3 year Forecast
$15.41+11.91%
HD's earnings are forecast to grow at a rate of 3.93% per year, which is not exceptional
Forecast

HD revenue forecast

What is HD's revenue in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$143.1B+1.27%
Avg 2 year Forecast
$144.9B+2.55%
Avg 3 year Forecast
$148.6B+5.16%
HD's revenue is forecast to grow at a rate of 1.55% per year, which is not exceptional
Forecast

HD earnings growth forecast

How is HD forecast to perform vs Consumer Cyclical companies and vs the US market?
Company
3.93%
Industry
29.55%
Market
19.57%
HD's earnings are forecast to grow slower (3.93% per year) than the US Consumer Cyclical industry average (29.55%)
Forecast
HD's earnings are forecast to grow slower (3.93% per year) than the US market average (19.57%)
Forecast
HD's earnings are forecast to grow faster (3.93% per year) than the risk-free savings rate (1.5%)
Forecast

HD revenue growth forecast

How is HD forecast to perform vs Consumer Cyclical companies and vs the US market?
Company
1.55%
Industry
25.33%
Market
14.55%
HD's revenues are forecast to grow slower (1.55% per year) than the US Consumer Cyclical industry average (25.33%)
Forecast
HD's revenues are forecast to grow slower (1.55% per year) than the US market average (14.55%)
Forecast

Home Depot Stock Forecast FAQ

Is Home Depot Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 18 Wall Street analysts covering (NYSE: HD) stock is to Strong Buy HD stock.

Out of 18 analysts, 11 (61.11%) are recommending HD as a Strong Buy, 3 (16.67%) are recommending HD as a Buy, 4 (22.22%) are recommending HD as a Hold, 0 (0%) are recommending HD as a Sell, and 0 (0%) are recommending HD as a Strong Sell.

What is HD's earnings growth forecast for 2022-2024?

(NYSE: HD) Home Depot's forecast annual earnings growth rate of 3.93% is not forecast to beat the US Consumer Cyclical industry's average forecast earnings growth rate of 29.55%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.57%.

Home Depot's earnings in 2021 is $14,766,000,000.On average, 14 Wall Street analysts forecast HD's earnings for 2022 to be $14,779,292,233, with the lowest HD earnings forecast at $12,961,120,310, and the highest HD earnings forecast at $16,310,384,378. On average, 13 Wall Street analysts forecast HD's earnings for 2023 to be $15,644,571,946, with the lowest HD earnings forecast at $13,726,666,383, and the highest HD earnings forecast at $16,937,706,854.

In 2024, HD is forecast to generate $16,384,812,468 in earnings, with the lowest earnings forecast at $14,789,924,817 and the highest earnings forecast at $17,575,661,914.

What is HD's revenue growth forecast for 2022-2024?

(NYSE: HD) Home Depot's forecast annual revenue growth rate of 1.55% is not forecast to beat the US Consumer Cyclical industry's average forecast revenue growth rate of 25.33%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 14.55%.

Home Depot's revenue in 2021 is $141,350,000,000.On average, 10 Wall Street analysts forecast HD's revenue for 2022 to be $152,202,893,006,858, with the lowest HD revenue forecast at $141,355,424,137,347, and the highest HD revenue forecast at $158,042,520,978,073. On average, 10 Wall Street analysts forecast HD's revenue for 2023 to be $154,118,017,086,044, with the lowest HD revenue forecast at $142,237,078,030,820, and the highest HD revenue forecast at $159,903,435,889,260.

In 2024, HD is forecast to generate $158,051,207,799,479 in revenue, with the lowest revenue forecast at $148,497,862,667,742 and the highest revenue forecast at $166,464,803,685,474.

What is HD's forecast return on assets (ROA) for 2022-2024?

(NYSE: HD) forecast ROA is 22.58%, which is higher than the forecast US Consumer Cyclical industry average of 11.76%.

What is HD's Price Target?

According to 18 Wall Street analysts that have issued a 1 year HD price target, the average HD price target is $334.83, with the highest HD stock price forecast at $386.00 and the lowest HD stock price forecast at $300.00.

On average, Wall Street analysts predict that Home Depot's share price could stay at $334.83 by May 20, 2022. The average Home Depot stock price prediction forecasts a potential downside of N/A from the current HD share price of $309.32.

What is HD's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: HD) Home Depot's current Earnings Per Share (EPS) is $13.77. On average, analysts forecast that HD's EPS will be $13.90 for 2022, with the lowest EPS forecast at $12.19, and the highest EPS forecast at $15.34. On average, analysts forecast that HD's EPS will be $14.71 for 2023, with the lowest EPS forecast at $12.91, and the highest EPS forecast at $15.93. In 2024, HD's EPS is forecast to hit $15.41 (min: $13.91, max: $16.53).

What is HD's forecast return on equity (ROE) for 2022-2024?

(NYSE: HD) forecast ROE is 937.35%, which is considered strong.
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